What Is the Best Hope for Reducing Environmental Pollution in Less-Developed

question 88

Multiple Choice

What is the best hope for reducing environmental pollution in less-developed nations?

• A)strong international standards for pollution control
• B)free international trade that raises incomes in less-developed nations
• C)producing the goods in advanced, economically developed nations
• D)limiting international trade
• E)boycott of polluting nation's products

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Definitions:

Total Utility

The overall satisfaction or value a consumer receives from consuming a particular quantity of a good or service.

Marginal Utility

The extra pleasure or benefit obtained from consuming an extra unit of a product or service.

Total Utility

The complete gratification gained from the use of a certain quantity of goods or services.

Marginal Utility

The extra pleasure or benefit gained by a consumer from consuming an additional unit of a product or service.